ContiTech exploring “leasing” business model for conveyor belts

Hanover, Germany – ContiTech AG is working on a new business model whereby clients lease conveyor belts instead of buying them, the Hanover-based company has announced.

The lease price, it said, will be based on material and amount transported, which will be gauged by sensor and monitoring technology.

The company is showcasing a model at the Hanover Fair, 23-27 April, in which sensors will be monitoring “every movement of the conveyor belts and materials conveyed”, said a 9 April press release.

The sensors  “inspect surfaces and report fill…

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